Suppose That 1% of All Tax Returns Are Audited by the IRS.If

question 145

Multiple Choice

Suppose that 1% of all tax returns are audited by the IRS.If two tax returns are randomly selected, what is the probability that both will be audited? (Assume that they are selected with replacement; that is, it is possible for the same tax return to be selected twice) .

• A)0.01%
• B).1%
• C)1%
• D)2%
• E)5%

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Definitions:

Actionable Effort

Tasks or activities that have a clear objective and can lead to tangible results or outcomes.

Writing Of An RFP

The process of creating a Request for Proposal, a document that solicits proposals, often through a bidding process, by an agency or company interested in procurement of a commodity, service, or valuable asset.

Decision Criteria

The standards or benchmarks used to guide the selection of alternatives in the decision-making process.

Unreasonable Demands

Requests or expectations that are excessive, unrealistic, or impossible to satisfy.